When will the Pi Network launch?
3 min readThe Pi Network has attracted a lot of attention in the crypto community. With its unique approach to enabling mining via mobile, as well as its potential as a legitimate payment project, Pi Network has gained a significant following.
However, many are wondering when the long-awaited Pi Network open mainnet will launch. The project has been in development for more than four years.
However, the core team has not yet announced any specific plans or dates for the introduction of the public mainnet.
Pi Network Gains 2.6 Million Followers on X
Pi Network already has an impressive fan base of 2.6 million followers even before the official launch of the mainnet X (earlier Twitter).
According to its own information, the project had more than 35 million pioneers (people who mine the project’s own token) at the beginning of the year.
The Pi Network is a blockchain project. Its goal is to democratize mining by making it accessible to anyone with a desktop or mobile device. The project’s own token is Pi Coin. The team plans to use this for everyday transactions.
Users can mine Pi Coins via their smartphones. All they need to do is click a button in the Pi Network app every 24 hours to show their active participation in the network.
Unlike traditional digital currencies such as Bitcoin (BTC) and other Proof-of-Work (PoW) cryptocurrencies, Pi Coin does not require energy-intensive hardware for mining. This explains why the token has had such great success in attracting a large network of miners.
When is the launch date for the Pi Network mainnet?
After successfully passing through the beta and testnet phases, Pi Network entered the mainnet phase in December 2021. However, instead of launching the open mainnet, the team continued to remain in the closed network phase.
This move was intended to allow developers to test various Pi features and develop Pi-based utilities while giving mass users enough time to complete their KYC (Know Your Customer) verification process without complications.
Currently, the Pi Network is still in the closed mainnet phase. During this time, it will not be possible for Pi holders to interact with other blockchains through Pi. This means that you cannot trade or exchange Pi Coins for other cryptocurrencies or fiat currencies.
The Pi Network core team has emphasized that the release of the open mainnet depends on various factors.
This includes the overall maturity of the project, the progress of KYC verification, and the achievement of the key goals of the Pi Network initiative. KYC verification is very important in this process.
Of the 47 million members of the Pi Network ecosystem, only 5.6 million (11.9%) have successfully completed the KYC process.
In anticipation of more users completing the KYC process, the team continues to release new features to improve the user experience.
On the 30th of May presented the protocol that Fireside Forum before. According to the announcement is Fireside Forum “a true Web3 social platform that promotes authenticity, constructive conversations and healthier online social interactions by integrating tokenomics into the core of social interactions.“
Fireside Forum uses tokenomics to foster authenticity and constructive conversations while rewarding the users who have them.
Want to see what a human-led, Pioneer-led social media platform looks like on Web3? Join today by clicking here: https://t.co/JjApHNQThK pic.twitter.com/zvOuje8DeM
— Pi Network (@PiCoreTeam) September 19, 2023
Recently, the project launched a developer ambassador campaign Twitter launched to encourage engagement with its followers.
“The Developer Ambassador Program has made significant progress in onboarding new developers to build Pi apps in the mainnet ecosystem“said the team in one current tweet.
Thanks to the community's efforts, the Developer Ambassador Program has made considerable progress in onboarding new developers to build Pi apps on Mainnet Ecosystem.
To give more people a chance to join the program and receive 1000 Pi for onboarding new devs, we’re extending… pic.twitter.com/fOESo8YmHG
— Pi Network (@PiCoreTeam) September 20, 2023
Despite the anticipation for Pi Network’s mainnet launch, the exact launch date remains unknown. Although there is speculation that the mainnet launch is scheduled for mid-October, an official announcement is still pending.
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